According to the Indian Private Equity and Venture Capital Association-Earnest and Young (IVCA-EY) monthly Private Equity and Venture Capital report for August 2023, it was noted that there were investments totalling USD 5.2 billion in 67 deals during the month. This represents 127% higher than the investments made in August 2022 and 18% higher than …
In the initial three weeks of September, Indian equities saw a withdrawal of more than Rs 10,000 crore by Foreign Portfolio Investors (FPIs), primarily influenced by increasing US interest rates, concerns about a potential recession, and the perception of overvaluation in domestic stocks. Back-to-back six months of buying have come to a halt as FPIs …
In a groundbreaking move, the Telecom Regulatory Authority of India (TRAI) released a Consultation Paper on September 22, 2023, titled ‘Encouraging R&D in Telecom, Broadcasting, and IT (ICT) Sectors.’ This momentous initiative aims to pave the way for a robust ecosystem that nurtures Research and Development (R&D) in India’s ICT sector. It envisions a landscape …
If you’re a regular on news pages, on Reddit, or even on the internet in general, you must’ve come across the words ‘GameStop’, ‘Reddit’, and ‘r/wallstreetbets’ a lot. It surely looks funny even to stock market outsiders, and not just because Elon Musk was involved. Let us look at what exactly happened, followed by what …
Indian Edtech behemoth, Byju’s has completed the takeover of Epic, a US-based company that provides an online reading platform to kids. As per reports, the cost of acquisition is $500 million, which makes it the second-biggest acquisition for Byju’s till now. That said, the company has not disclosed the cash and stock breakup of the …
On Thursday, the shares of Tech Mahindra closed at Rs 1292.85, up by 1.46% from its previous closing of Rs 1274.20 on the BSE. Tech Mahindra has inaugurated a local innovation centre in Espoo, Finland. This expansion comes after a sustained period of growth in the region and signifies Tech Mahindra’s commitment to further its …
Lloyds Metals and Energy Limited (LMEL) has achieved a significant milestone in the Gadchiroli District of Maharashtra, where they successfully installed and commenced operations at a Direct Reduced Iron (DRI) manufacturing facility with a rated capacity of 70,000 Tons Per Annum (TPA) using a 4MW Waste Heat Recovery Boiler (WHRB)-based power plant. Remarkably, the company …
Bank of Maharashtra (BoM) has entered into a significant Memorandum of Understanding (MoU) with the Indian Renewable Energy Development Agency (IREDA). This collaboration aims to promote and facilitate co-lending and loan syndication for a wide range of Renewable Energy projects throughout the country. The MoU encompasses various services, including providing co-lending and co-origination support for …
Tomas Cook (India) Limited offers a broad range of services including Foreign Exchange, and has made a significant announcement by the company today. As detailed in the official report, Thomas Cook India introduced Forex services through WhatsApp, becoming the pioneer in India to provide comprehensive Foreign Exchange Services through this widely used platform, ensuring customers …
On 2nd August 2021, Indian Prime Minister Narendra Modi announced the launch of the E-Rupi voucher as a way to revolutionize digital payment mechanisms and aid in the COVID-19 vaccination drive. This led to a rise in questions about the utilization and necessity of the United Payments Interface (UPI) system’s utilization and necessity in the …
